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T. Rowe Price launches US large-cap core fund

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T. Rowe Price has expanded its US equity investment offerings by launching the US Large-Cap Core Fund.

T. Rowe Price has expanded its US equity investment offerings by launching the US Large-Cap Core Fund.

The fund seeks long-term capital growth with moderate risk by investing in a concentrated portfolio across the spectrum of both value and growth large-cap domestic stocks.

Individual investors can access the strategy through a no-load mutual fund or adviser class shares that are available through financial intermediaries.

The portfolio, constructed of 50 to 75 companies, selects the top picks of T. Rowe Price’s equity analysts. More than 30 analysts will contribute their best investment ideas based on a bottom-up approach that seeks to identify the most favourable combination of company fundamentals, earnings potential, and valuation.

Normally, the fund will invest at least 80 per cent of its net assets in the stocks of US large-cap companies.

The fund will be managed by Jeff Rottinghaus, who has developed a successful track record during his eight years with T. Rowe Price, both as an analyst and portfolio manager. After joining the firm as an analyst covering technology, Rottinghaus became the portfolio manager of the T. Rowe Price Global Technology Fund from 2006 to 2008.

"Our flexible investment programme allows us to concentrate our best US large-cap stock picks into one convenient portfolio," Rottinghaus says. "We continually evaluate our investment thesis, relative valuation factors, qualitative and quantitative company assessments, and portfolio-level risk analysis to make the best investment selections."

The minimum initial investment in both the US Large-Cap Core Fund and the US Large-Cap Core Fund-Advisor Class is USD2,500 or USD1,000 for retirement plans or gifts or transfers to minors accounts.

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